Business Succession arrangements

 a planning opportunity for collaboration between your financial planner, your accountant and your lawyer Formulating Business Succession arrangements is an important process that should be undertaken by all business operators – whether the business operates as a sole trader, partnership, trust or a limited liability company. In a nutshell, business succession planning provides a strategy: it documents what is to happen in the event that the owners of the business [...]

By |2020-09-24T21:07:05+10:00May 10, 2018|Estate Planning, Wealth Management|0 Comments

Business Succession strategies

Business Succession strategies give peace of mind A recent report conducted cooperatively by the major accounting firm KPMG with Family Business Australia, reveals that there is a high degree of satisfaction experienced by most small (family) business owners, it also identified that the absence of adequate business succession strategies is a source of concern. The report also identified a number of business strengths. A major threat to the longevity and success [...]

By |2020-08-12T20:33:16+10:00November 15, 2013|Wealth Management|0 Comments

Wealth Protection involves life insurance

Wealth Protection includes insuring against personal risk! Wealth protection is an essential part of every wealth creation strategy: using life insurance to provide financial protection for when there is an insurable interruption to the accumulation strategy is an economically sound strategy. Without an adequate life insurance portfolio the wealth you have built up (or are in the process of establishing) can rapidly erode as the costs of attending to the cause of the [...]

Financial Year end checklist 2013

The financial year end checklist 2013 contains tax-effective strategies that may be effective for you - depending on your personal financial and taxation circumstances. Employees, professionals, contractors or self-employed business operators (carrying on business under a structure) may benefit from them, but you should confirm any proposed course of action with your accountant, tax agent or financial planner before acting on them. As the financial year draws to a close [...]

By |2021-05-26T20:17:08+10:00June 20, 2013|General|0 Comments

Business Succession Funding benefits survivors

...benefits of funding Buy-Sell Agreements Business succession funding secures the financial certainty of the parties who are dependant on your interest in a business. In other articles written we have challenged readers about the financial well-being of their family and loved ones if they are unexpectedly deprived of their continuing earning capacity (either because of being rendered permanently disabled, or even more extremely, dying). The other stakeholders in your business are [...]

By |2017-07-31T15:43:16+10:00November 26, 2012|Estate Planning|0 Comments
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